Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at when a commodity ETF disappoints.
Quote of the Day
“Discount rates vary a lot more than we thought. Most of the puzzles and anomalies that we face amount to discount-rate variation we do not understand.”
(John Cochrane)
ETFs
- Specialized ETFs are a net-loser for investors. (evidenceinvestor.com)
- Always check, there may be a cheaper ETF alternative. (klementoninvesting.substack.com)
Macro
- Research on yield curve inversions and the stock market. (evidenceinvestor.com)
- What role did Covid-related fiscal stimulus have on the stock market? (papers.ssrn.com)
- Why would stock volatility be lower during wartime? (marginalrevolution.com)
Research
- How much have options spreads fallen over time? (blogs.cfainstitute.org)
- Making the case for underreaction as the explanation for momentum. (mrzepczynski.blogspot.com)
- An introduction to investing in carbon markets. (alphaarchitect.com)
- Not surprisingly, corporate executives are overconfident. (klementoninvesting.substack.com)
- In the end, all success in the markets is idiosyncratic. (priceactionlab.com)
- How to better measure betas. (papers.ssrn.com)
